Civic Intelligence

Foundation for the Tri-State Community Inc.

990 • Fiscal year 2023 • EIN 61-0729266

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 10, 2024

PO Box 2096Ashland, KY 41105-2096

(606) 324-3888

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

14th percentile

0.01x

Higher debt load relative to assets than 14% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

52nd percentile

0.32x

Higher debt load relative to revenue than 52% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

7th percentile

-43%

Higher net margin than 7% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

40th percentile

$221,659

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 16.5% of source-year revenue.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

65th percentile

12%

Faster asset growth than 65% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

6th percentile

-52%

Faster revenue growth than 6% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Assets

Up

$32,719,977

Up $3,430,556 (+12%) from 2022

Net Assets

Up

$32,287,827

Up $3,410,780 (+12%) from 2022

Liabilities

Up

$432,150

Up $19,776 (+4.8%) from 2022

Revenue

Down

$1,339,607

Down $1,459,646 (-52%) from 2022

Expenses

Up

$1,911,166

Up $169,431 (+9.7%) from 2022

Net Income

Down

-$571,559

Down $1,629,077 (-154%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2010: $14,912,978Liabilities 2010: $626,609Net Assets 2010: $14,286,3692010Assets 2011: $15,431,678Liabilities 2011: $623,205Net Assets 2011: $14,808,4732011Assets 2012: $16,732,874Liabilities 2012: $675,828Net Assets 2012: $16,057,0462012Assets 2013: $19,165,325Liabilities 2013: $567,151Net Assets 2013: $18,598,1742013Assets 2014: $19,542,329Liabilities 2014: $559,998Net Assets 2014: $18,982,3312014Assets 2015: $18,664,142Liabilities 2015: $480,842Net Assets 2015: $18,183,3002015Assets 2016: $19,693,203Liabilities 2016: $407,162Net Assets 2016: $19,286,0412016Assets 2017: $26,891,741Liabilities 2017: $451,702Net Assets 2017: $26,440,0392017Assets 2018: $24,338,938Liabilities 2018: $386,353Net Assets 2018: $23,952,5852018Assets 2019: $28,273,024Liabilities 2019: $455,083Net Assets 2019: $27,817,9412019Assets 2020: $31,540,097Liabilities 2020: $508,755Net Assets 2020: $31,031,3422020Assets 2021: $35,453,152Liabilities 2021: $492,643Net Assets 2021: $34,960,5092021Assets 2022: $29,289,421Liabilities 2022: $412,374Net Assets 2022: $28,877,0472022Assets 2023: $32,719,977Liabilities 2023: $432,150Net Assets 2023: $32,287,8272023Assets 2024: $37,169,140Liabilities 2024: $474,305Net Assets 2024: $36,694,8352024

Highlighted filing

2023

Assets$32,719,977
Liabilities$432,150
Net Assets$32,287,827

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $1,365,547Expenses 2010: $1,094,813Net Income 2010: $270,7342010Revenue 2011: $3,980,966Expenses 2011: $1,711,245Net Income 2011: $2,269,7212011Expenses 2012: $1,184,9662012Revenue 2013: $2,899,177Expenses 2013: $1,261,142Net Income 2013: $1,638,0352013Revenue 2014: $2,021,476Expenses 2014: $1,344,214Net Income 2014: $677,2622014Revenue 2015: $1,664,463Expenses 2015: $1,259,618Net Income 2015: $404,8452015Revenue 2016: $1,662,783Expenses 2016: $1,298,452Net Income 2016: $364,3312016Revenue 2017: $5,962,473Expenses 2017: $1,490,741Net Income 2017: $4,471,7322017Revenue 2018: $2,083,409Expenses 2018: $2,036,523Net Income 2018: $46,8862018Revenue 2019: $2,423,778Expenses 2019: $2,547,677Net Income 2019: -$123,8992019Revenue 2020: $2,078,340Expenses 2020: $2,036,815Net Income 2020: $41,5252020Revenue 2021: $3,348,561Expenses 2021: $1,652,640Net Income 2021: $1,695,9212021Revenue 2022: $2,799,253Expenses 2022: $1,741,735Net Income 2022: $1,057,5182022Revenue 2023: $1,339,607Expenses 2023: $1,911,166Net Income 2023: -$571,5592023Revenue 2024: $3,316,774Expenses 2024: $1,782,388Net Income 2024: $1,534,3862024

Highlighted filing

2023

Revenue$1,339,607
Expenses$1,911,166
Net Income-$571,559
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 10, 2024
Return Version
2023v5.0
Gross Receipts
$7,648,746
Mission and Program Overview

Mission

The foundation for the tri-state community, inc. Is a community foundation established to improve the quality of life in the tri-state region of kentucky, ohio and west virginia, by encouraging, raising, adminstering and distributing gifts for charitable, cultural, edcational and scientific purposes.

The foundation for the tri-state community, inc. Is a community foundation established to improve the quality of life in the tri-state region of kentucky, ohio and west virginia, by encouraging, raising, adminstering and distributing gifts for charitable, cultural, educational and scientific purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$25,994,418$29,699,126▲ $3,704,708
Savings and Temporary Cash Investments$2,185,872$1,927,960▼ $257,912
Land, Buildings, and Equipment, Net$13,266$7,883▼ $5,383
Total Assets$29,289,421$32,719,977▲ $3,430,556
Other Assets Total$1,095,865$1,085,008▼ $10,857
Liabilities
Other Liabilities$357,810$380,492▲ $22,682
Accounts Payable and Accrued Expenses$54,564$51,658▼ $2,906
Total Liabilities$412,374$432,150▲ $19,776
Net Assets / Fund Balance
Net Assets With Donor Restrictions$27,341,216$30,574,090▲ $3,232,874
Net Assets Without Donor Restrictions$1,535,831$1,713,737▲ $177,906
Total Net Assets Fund Balance$28,877,047$32,287,827▲ $3,410,780
Total Liabilities and Net Assets / Fund Balance$29,289,421$32,719,977▲ $3,430,556

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,883$115,230$123,113
Other Securities$97,132--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$25,094,264$370,950▲ $4,242,936-$28,658,189
2022$31,175,585$313,854▼ $5,309,734-$25,094,264
2021$27,272,222$514,044▲ $4,329,242-$31,175,585
2020$23,806,127$950,962▲ $3,839,164-$27,272,222
2019$19,789,979$584,928▲ $4,670,408-$23,806,127
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Mary Witten WisemanCEO$190,931$30,728$221,659

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$752,439
Program Service Revenue
$0
Investment Income
$587,168
Other Revenue
$0
All Other Contributions
$752,439
Change in Net Assets
$-571,559

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,339,607
Revenue Not Reported on Form 990
$3,983,564
Total Revenue per Audited Statements
$5,323,171
Total Revenue per Form 990
$1,339,607
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,017,313
Salaries, Compensation, and Employee Benefits$564,692
Other Expenses$329,161
Total Fundraising Expense$82,533
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$950,867--$950,867
Other Salaries and Wages-$347,836$69,772$417,608
Other Employee Benefits-$116,300-$116,300
Grants to Domestic Individuals$66,446--$66,446
All Other Expenses-$33,921$1,693$35,614
Payroll Taxes-$30,784-$30,784
Occupancy-$17,171$8,043$25,214
Other Expenses$99,686$18,443$2,124$20,567
Insurance-$9,620-$9,620
Depreciation Depletion-$5,383-$5,383
Travel-$3,604$901$4,505
Office Expenses-$2,315-$2,315
Conferences and Meetings-$1,407-$1,407
Total Functional Expenses$1,116,999$711,634$82,533$1,911,166

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,957,056
Expenses per Audited Statements$1,911,166
Total Expenses per Form 990$1,911,166
Expenses Not Reported on Form 990$45,890
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of HuntingtonHuntington, WV--$91,707
Friends of the Fisher HouseHuntington, WV--$70,000
Highlawn Community Alliance IncHuntington, WV--$46,250
Highlands Museum & Discovery CenterAshland, KY--$45,000
Goodwill Industries of KyowvaHuntington, WV--$36,000
Hoops Family Children HospitalHuntington, WV--$22,804
Paramount Arts Center IncAshland, KY--$20,414
Boys and Girls Club of HuntingtonHuntington, WV--$17,461
Huntington City MissionHuntington, WV--$16,738
Dig DeepLos Angeles, CA--$15,000
Heritage Farm Museum & VillageHuntington, WV--$15,000
Kentucky Educational TelevisionLexington, KY--$14,400
The Wild RampHuntington, WV--$12,500
Tri-state Early College StemSouth Point, OH--$11,536
Safe Harbor of Northeast KyAshland, KY--$10,500
Big Brothers Big SistersHuntington, WV--$10,000
Alice Lloyd CollegePippa Passes, KY--$9,082
Ymca FoundationHuntington, WV--$8,789
Marshall University Artist SeriesHuntington, WV--$7,500
First Presbyterian ChurchAshland, KY--$6,939
Morehead First Church of the NazareMorehead, KY--$6,926
HOPE'S PLACE INCAshland, KY--$6,820
Tri-state Family ConnectionsProctorville, OH--$6,541
Marshall Univ Campus Christian CntrHuntington, WV--$6,500
PallottineHuntington, WV--$6,097
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Liability Under Remainder Trust$219,045
Funds Held as Agency Endowments$144,407
Operating Lease Liabilities$17,040
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Irs form 990 is reviewed by the president prior to filing. Copies are provided to the board of trustees as requested.

Form 990, Page 6, Part VI, Line 12C

Each trustee is required to disclose interests in other businesses and organizations, and they are monitored and reviewed by the administrative assistant.

Form 990, Page 6, Part VI, Line 15A

Executive committee reviews pay increases and propose to full board of trustees. Board of trustees vote on compensation.

Form 990, Page 6, Part VI, Line 15B

Executive committee reviews pay increases and propose to full board of trustees. Board of trustees vote on compensation.

Form 990, Page 6, Part VI, Line 19

The foundation provides the public with financial information through annual reports and onsite availability of audit reports and tax returns. Other information is available by request at the foundation's main office in ashland, kentucky.

Filing and Contact Details

Filer

Filer Name
Foundation for the Tri-state
EIN
61-0729266
Phone
6063243888
Address
PO BOX 2096, ASHLAND, KY 41105-2096

Signing Officer

Name
Kathryn Lamp
Title
CEO
Phone
6063243888
Signed
2024-10-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathryn Lamp
Formed
1972
Legal Domicile
Ky
Voting Board Members
17
Independent Board Members
17
Employees
5

Preparer

Firm
Kelley Galloway Smith Goolsby Psc
Address
1200 CORPORATE COURT PO BOX 990, ASHLAND, KY 41105-0990
Preparer
Lori F Dearfield CPA
Phone
6063291811
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The foundation for the tri-state community, inc. Is a community foundation established to improve the quality of life in the tri-state region of kentucky, ohio and west virginia, by encouraging, raising, adminstering and distributing gifts for charitable, cultural, educational and scientific purposes.

Form 990, Part XI, Line 9

Change in value of split interest agreements 88,986

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Spriggs family foundation 1,225 change in split interest gifts 88,986

Schedule D, Page 4, Part XII, Line 2D

Spriggs family foundation 45,890

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SPRIGGS FAMILY FOUNDATION 1,225 CHANGE IN SPLIT INTEREST GIFTS 88,986

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$37.2$0.47$36.7$3.32$1.78$1.53
2023Detailed filing. Detailed filing data is available for this year.$32.7$0.43$32.3$1.34$1.91$0.57
2022Detailed filing. Detailed filing data is available for this year.$29.3$0.41$28.9$2.80$1.74$1.06
2021Detailed filing. Detailed filing data is available for this year.$35.5$0.49$35.0$3.35$1.65$1.70
2020Detailed filing. Detailed filing data is available for this year.$31.5$0.51$31.0$2.08$2.04$0.04
2019Detailed filing. Detailed filing data is available for this year.$28.3$0.46$27.8$2.42$2.55$0.12
2018Detailed filing. Detailed filing data is available for this year.$24.3$0.39$24.0$2.08$2.04$0.05
2017Detailed filing. Detailed filing data is available for this year.$26.9$0.45$26.4$5.96$1.49$4.47
2016Detailed filing. Detailed filing data is available for this year.$19.7$0.41$19.3$1.66$1.30$0.36
2015Detailed filing. Detailed filing data is available for this year.$18.7$0.48$18.2$1.66$1.26$0.40
2014Detailed filing. Detailed filing data is available for this year.$19.5$0.56$19.0$2.02$1.34$0.68
2013Detailed filing. Detailed filing data is available for this year.$19.2$0.57$18.6$2.90$1.26$1.64
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.7$0.68$16.1$1.18
2011Summary only. Only limited summary data is available for this year.$15.4$0.62$14.8$3.98$1.71$2.27
2010Summary only. Only limited summary data is available for this year.$14.9$0.63$14.3$1.37$1.09$0.27